Source: VantagePoint Intermarket Analysis Software
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- The market moved down 879 ticks.
- 879 ticks =$4,395 per contract (About 8 trading days)
- When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.
- The dollar fell today as investors weighed predictions that there would be a U.S. economic recovery that included Washington’s plan to cleanse banks of bad assets.
- U.S. President Barack Obama expressed that the dollar was “extraordinarily strong” and discarded a call from China’s top central banker for a new international reserve currency.